Minetech awarded MRT Line 2 job worth RM16m

PETALING JAYA: Minetech Resources Bhd’s subsidiary Minetech Construction Sdn Bhd has been appointed as sub-contractor for the MRT Line 2 project with a contract value of RM16.28 million.

In a filing with the stock exchange, the group said the contract was awarded by CHEC Construction (M) Sdn Bhd to perform construction, completion, testing and commissioning, care and maintenance of Sentul West Station and Escape Shaft 1 (Package A) under the project.

The sub-contract works are to be completed in 25 months and is expected to contribute positively to Minetech’s future earnings and net assets per shares.

The stock was unchanged at 13.5 sen yesterday on some 3.33 million shares done, giving it a market capitalisation of RM98.76 million.